A State Bank of Pakistan (SBP) official has revealed that total Islamic banking deposits in Pakistan now stand at PKR $463 billion ($5 billion), while total Islamic banking assets have hit PKR 568 ($6.2 billion), with the sector witnessing a growth of 30 per cent.
Akhtar Raza, Chief Manager for SBP, said that the SBP are working on a three- pronged strategy for promotion of Islamic banking. The strategy allows new full-fledged Islamic banks in the private sector and also permitting the conventional banks to set up Islamic banking subsidiaries...............................................Full Article: Source